FATF condition complied with, closure of savings accounts in post offices started

RAWALPINDI: To comply with the FATF’s big demand, Pakistan Post has decided to close the general savings accounts and special savings accounts in post offices across the country from Monday, January 4, while the two savings accounts will be closed on January 15 Will be completely shut down.

In the first phase, the Ministry of Communications will close the accounts in which the amount is between Rs 100 and Rs 500 and in which no transaction has taken place for the last one year from January 15. With this decision, 50,000 savings accounts will be closed across the country. Messages have been issued to all such savings account holders by GPOs. Pension system of post offices has also been shifted to banks in phases. Is.

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